SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Get Free Report) saw an uptick in trading volume on Thursday . 411,358 shares changed hands during trading, an increase of 113% from the previous session’s volume of 193,422 shares.The stock last traded at $82.55 and had previously closed at $83.14.
SPDR S&P 400 Mid CapGrowth ETF Price Performance
The firm has a 50-day moving average of $83.90 and a 200-day moving average of $76.50. The stock has a market cap of $2.94 billion, a PE ratio of 17.93 and a beta of 1.07.
Hedge Funds Weigh In On SPDR S&P 400 Mid CapGrowth ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDYG. Parcion Private Wealth LLC boosted its stake in SPDR S&P 400 Mid CapGrowth ETF by 73.0% during the fourth quarter. Parcion Private Wealth LLC now owns 1,018,828 shares of the company’s stock valued at $77,095,000 after buying an additional 429,985 shares during the last quarter. Confluence Investment Management LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF during the first quarter valued at approximately $37,185,000. Tradewinds Capital Management LLC bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the 1st quarter valued at approximately $30,219,000. Private Advisor Group LLC lifted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 126.3% in the 4th quarter. Private Advisor Group LLC now owns 351,059 shares of the company’s stock valued at $26,565,000 after purchasing an additional 195,914 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. lifted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 11.9% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,836,885 shares of the company’s stock valued at $127,002,000 after purchasing an additional 194,898 shares during the last quarter.
SPDR S&P 400 Mid CapGrowth ETF Company Profile
SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum.
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